NOT LISTED FOR SALE

11619 Downey Ave Downey, CA 90241

3 Beds
3 Baths
12,154 Sq Ft
0.44 Acres

Last Sold May 28, 2014

Last sale price $2,350,000 $193 Per Sq Ft

31 Days on Market

About This Home

As of May 2014

Villa La Jolla has excellent street exposure along Downey Avenue, one of the main thoroughfares and most desirable streets to own apartments on in Downey. The property features private patios and balconies and on-site laundry facilities. The units have very large open ?oor plans consisting of one bedroom and two-bedroom units. The building has been extremely well maintained since it was built, providing tenants with an atmosphere of
quiet enjoyment. The property was built in 1972, making it one of the newer apartment complexes in the city, and is being sold by the original owner. The owner has maintained the property in pristine condition, offering a buyer the opportunity to purchase a turn-key building that has rents substantially below market. Parking consists of garages and open spaces, with 2 parking spaces per unit.

Last Agent to Sell the Property

Doug Rodermund

Morgan Skenderian License #01314304 Listed on: 03/04/2014

Last Buyer's Agent

Doug Rodermund

Morgan Skenderian License #01314304 Listed on: 03/04/2014

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 0.44 Acre Lot
  • 1 Common Wall
  • Density is up to 1 Unit/Acre

Parking

  • 15 Car Garage

Home Design

  • 12,154 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Listing and Financial Details

  • Tax Lot 55
  • Tax Tract Number 13240
  • Assessor Parcel Number 6255013022

Community Details

Overview

  • 14 Units

Building Details

  • 15 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Gardener Expense $1,060
  • Insurance Expense $3,039
  • Maintenance Expense $9,809
  • Other Expense $1,000
  • Pest Control $600
  • Trash Expense $6,336
  • Water Sewer Expense $6,337
  • New Taxes Expense $28,953
  • Gross Income $13,623
  • Net Operating Income $99,804

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

0

Parking

15

Listing Details

  • CapRate: 4.20
  • Price Per Unit: 171429
  • Property Attached: Yes
  • Water Sewer Expenses: 6337.00
  • Property Type: Residential Income
  • Gardener Expense: 1060.00
  • Parcel Number: 6255013022
  • Year Built: 1972
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 193.35

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 15.00
  • Total Parking Spaces: 28.00

Utilities

  • Utilities: Sewer Available
  • Pest Control Expense: 600.00
  • Trash Expense: 6336.00
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Curbs

Lot Info

  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 19248.00
  • Lot Size Acres: 0.4420

Multi Family

  • Gross Income: 13623.00
  • Gross Multiplier: 14.68
  • Gross Scheduled Income: 163476.00
  • Gross Spendable Income: 28254.00
  • Insurance Expense: 3039.00
  • Lot Size Area: 19248.0000 Square Feet
  • Maintenance Expense: 9809.00
  • Maintenance Percent: 6.00
  • Net Operating Income: 99804.00
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 14
  • Operating Expense: 57133.00
  • Operating Expense Percent: 34.90
  • Other Expense: 1000.00
  • Other Expense Description: Admin
  • Rent Control: No
  • Total Actual Rent: 13475.00
  • Vacancy Allowance: 6539
  • Vacancy Allowance Rate: 4.00

Tax Info

  • New Taxes Expense: 28953.00
  • Tax Lot: 55
  • Tax Tract Number: 13240

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2014 05/28/14 Sold $2,350,000 -2.1% $193 / Sq Ft
04/04/2014 04/04/14 Pending -- -- --
03/04/2014 03/04/14 For Sale $2,400,000 -- $197 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Doug Rodermund

    Seller's Agent in 2014

    Doug Rodermund

    Morgan Skenderian

    (949) 295-8560

    5 in this area

    20 Total Sales

    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW14044534

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Downey 90241

11619 Downey Ave, Downey, CA

This home is located at 11619 Downey Ave, Downey, CA 90241 since 04 March 2014. This property was built in 1972. 11619 Downey Ave is a home located in Los Angeles County with nearby schools including Imperial Elementary School, Old River Elementary School, and West Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Nearby Homes